"Azerbaijan Petrochemicals Report Q1 2016" now available at Fast Market Research

Azerbaijan's petrochemicals industry will be boosted in 2016 with the opening of two new polymer plants, but they will be entering the market at a time of economic downturn for the country. Falling oil output and low crude prices are weighing heavily on domestic consumption, while external markets are not faring well either. However, there is optimism that long-term ambitions will help leverage the country's upstream resources to create a strong export-orient at ed petrochemicals industry from 2020.

The planned SOCAR Polimer polypropylene (PP) plant, with 200,000 tonnes per annum (tpa) capacity, at the Sumgayit Chemical Technology Park in Azerbaijan is scheduled to start production in H216. A 100,000tpa PE, the plant is also likely to come on stream at the same time. Beyond that, attention will shift to the massive world-class USD17bn Oil and Gas Processing and Petrochemical Complex (OGPC), which will improve efficiency and provide a wider range of higher value refined products.

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SOCAR's OGPC will have total gas processing capacity of 10-12bn cubic metres (bcm) and oil refining capacity of 10mn tpa. Capacities will include 700,000 tpa high-density polyethylene (HDPE) and low-density polyethylene (LDPE), 550,000tpa PP, 40,000tpa benzene and 110,000tpa styrene.

Sanctions relief on Iran may offer Azerbaijan entry to the Iranian market for downstream and finished products with potential for petrochemicals investment. At the same time, Iran poses a direct threat to competition on the domestic market. This is unlikely to hold back the country's ambition to build world-scale plant, but until they are in commercial operation, the petrochemicals industry will remain small, dedicated to domestic consumption and operating at low levels of capacity utilisation.

The Azerbaijan Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Azerbaijan Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Azerbaijani petrochemicals industry.

Key Benefits

* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Azerbaijani petrochemicals market.
* Target business opportunities and risks in the Azerbaijani petrochemicals sector

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